Swiss-Based Crypto Firm Seba Bank Launches NFT Custody
The firm will be integrated a feature into the user's accounts that allow the users to manage NFT like any other digital asset.
Crypto firm Seba Bank has started offering nonfungible tokens (NFT) services to retail and institutional clients, NFT holders can now store their NFT collections like bored Apes and cryptopunks in the custodial service.
Switzerland base crypto bank has launched a new custodial service that allows its customers to store Non-fungible Tokens(NFT) without having to manage their private keys themselves, the private keys will be managed by Seba Bank.
The firm will be integrated a feature into the user's accounts that allow the users to manage NFT like any other digital asset.
According to Urs Bernegger the co-head of markets and investment solutions at Seba Bank said some NFT holders feel comfortable giving out their private keys to institutions.
“They don't want the key because they don't even know how to store the key and handle the key. They're more afraid of doing something wrong with the key than giving it to a bank,” according to Urs Bernegger.
SEBA was founded in 2018, as a crypto banking service before expanding into offering crypto trading and custody for institutional investors, it is the first digital asset company to receive a license from the Swiss Financial Market Supervisory Authority(FINMA) to offer banking and securities services.
